You
just graduated and you expect to work for 10 years and then to leave for the
Australian country. You figure you can save 1,000 a year for the first 5 years
and 2,000 a year for the next 5 years. These savings cash flows will start 1
year from now. Your family just given you a 5,000 gift. If you put the gift now
and your future savings when they start into an account that pays 8% compounded
annually, what will your financial stake be when you leave for Australia 10
years from now?

Thank you for the opportunity to help you with your question!

answer $31,148

FV
of an uneven CF stream

Financial
calculator solution:

Solution
using NFV: (Note:
Some calculators do not have net future value function. Cash flows can be grouped
and carried forward or PV can be used; see alternative solution below.)